Synthetix ($SNX) is showing strong breakout signals as the price breaks out of the previous accumulation zone and continues to maintain an upward momentum. The current price structure indicates that the bulls are in control of the market, especially as the pullbacks are forming higher lows, confirming a short-term uptrend.

The suggested entry zone is between 0.325 – 0.338, which is an area to take advantage of technical retracements to optimize the position. The 0.305 level is set as a stop-loss (SL) to limit risk if the bullish scenario does not unfold as expected.
📈 The profit-taking targets (TP) are as follows:
• TP1: 0.355 – near resistance zone, possible consolidation.
• TP2: 0.375 – extension level if momentum continues.
• TP3: 0.400 – the highest short-term target, marking an important psychological level.
Notably, the area above 0.340 is considered a bullish trend confirmation zone (bullish). If the price remains stable above this level, the likelihood of continued upward movement increases, attracting more capital inflow.
Overall, the current strategy leans toward a positive scenario as $SNX the factors of momentum and price structure are converging. However, investors should still strictly adhere to risk management to ensure safety in all market conditions.
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